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lesantik [10]
3 years ago
7

Which of the following is a major difference between Internet banks and traditional banks? The government does not regulate Inte

rnet banks. Traditional banks are prohibited from having ATMs. Internet banks have lower overhead costs. Traditional banks offer less personal care and attention to customers.
Business
1 answer:
Aloiza [94]3 years ago
3 0

Answer:

Internet Banks have lower overhead costs.

Explanation:

Online Banks and traditional banks are basically the same with the main difference being that Internet Banks have lower overhead costs. These are costs on the income statement usually including accounting fees, advertising, insurance, interest, legal fees, labor burden, rent, repairs, supplies, taxes, telephone bills, travel expenditures, and utilities. Since Internet Banks do not need many physical locations they save on many of these overhead fees.

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To prepare for the construction of its new headquarters, Baker Co. purchased a 500-acre plot of land on August 5, Year 1. Baker
leonid [27]

Answer:

FASB ASC 835-20-15-8

Explanation:

This section explicitly states that in order for interests to qualify for interest capitalization, the assets purchased through the loan must be getting ready for its intended use. E.g. if you want to capitalize the interests on the land, you must carry out activities necessary to prepare it for its intended use. Or if you purchase a machinery, you must be installing it in order to get it ready to produce.

4 0
3 years ago
4. Discuss four sources of financing for starting up a small business.
Karolina [17]

LENDING REDEFINED

Many business owners are turning to alternative lending options and steering clear of banks and their ridiculous loan qualifications. Most online lenders are brokers that auction your application to the highest bidder, leaving you with unanswered questions. We provide a simple and direct answer. SnapCap appeals to today’s entrepreneurs because we offer:

Fast and Secure Loan Approvals

Professional and Personal Service

NO Collateral Requirements

The Lowest Borrowing Rates Guaranteed!

We offer short term loans ranging from $5,000 - $600,000 that can cover a number of needs like renovations, inventory, storage, or perhaps new equipment to give your company the edge it needs.

Hope this helps!!!

6 0
3 years ago
PRO FORMA INCOME STATEMENT Austin Grocers recently reported the following 2016 income statement (in millions of dollars): Sales
padilas [110]

Answer:

Net income = $169.2

Growth in dividend = 76.25%

Explanation:

The projected figures are as below:

Sales = $700 x (1 + 15%) = $805 <em>(15% increase in sales)</em>

Operating costs including depreciation = $805 x 60% = $483 <em>(60% of sales)</em>

Interest expense = 40 <em>(remain constant)</em>

EBIT = Sales - Operating costs including depreciation = $805 - $483 = $322

EBT = EBIT - Interest expense = $322 - $40 = $282

Net income = EBT x (1 - Tax rate) = $282 x (1 - 40$) = $169.2

Dividend = Net income x Dividend payout ratio = $169.2 x (32/96) = $56.4

Growth in dividend = $56.4/$32 = 76.25%

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4 0
3 years ago
Choose a real or made up example of a company, and describe at least three variable costs the company has.
Eduardwww [97]

Answer:

yoooo

Explanation:

4 0
3 years ago
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Catherine, a senior project manager, has advance knowledge of the projects that her team will be handling in the next six months
labwork [276]

Answer:

The correct answer is letter "C": one of the satisfactions of being a leader.

Explanation:

The satisfaction of being a leader implies all those benefits employees with high rank and influence in the companies have. Those satisfactions are not merely monetary but also include having a wider knowledge of what the purposes of the firm are in the short and long term.

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3 years ago
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